Analysts Set CarMax, Inc. (NYSE:KMX) Target Price at $87.50

Shares of CarMax, Inc. (NYSE:KMX - Get Free Report) have earned a consensus rating of "Hold" from the fourteen research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $87.50.

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Truist Financial upped their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Stephens began coverage on CarMax in a report on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price objective for the company. Evercore ISI raised CarMax from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research report on Friday, December 20th.

CarMax Trading Down 0.7 %

Shares of KMX stock traded down $0.60 during trading hours on Monday, hitting $81.92. 1,238,597 shares of the company were exchanged, compared to its average volume of 1,553,795. The company has a 50 day simple moving average of $83.34 and a two-hundred day simple moving average of $80.27. The firm has a market cap of $12.60 billion, a P/E ratio of 27.77, a P/E/G ratio of 1.67 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax has a fifty-two week low of $65.83 and a fifty-two week high of $91.25.

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CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the business posted $0.52 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts anticipate that CarMax will post 3.23 EPS for the current year.

Insider Activity

In other news, SVP Jon G. Daniels sold 10,000 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. This trade represents a 90.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock worth $21,915,445 in the last quarter. 1.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On CarMax

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lakewood Asset Management LLC boosted its stake in CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company's stock valued at $1,778,000 after purchasing an additional 135 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock valued at $266,000 after buying an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in CarMax by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company's stock worth $383,000 after buying an additional 141 shares in the last quarter. Timber Creek Capital Management LLC raised its position in CarMax by 0.3% in the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company's stock worth $4,709,000 after buying an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC lifted its stake in CarMax by 1.4% during the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company's stock valued at $999,000 after acquiring an additional 164 shares during the period.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.